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CNH bond issuers need alter strategy as investors become selective
May 24, 2012
Dim sum issuers need a change of strategy to remain competitive as investor demand for these instruments evolve from a currency to credit play, believe experts.
The attractiveness of offshore renminbi bonds – also known as dim sum and CNH bonds – has changed from being solely a currency play to credit play as the certainty of renminbi appreciation declines.
Market participants who are keen to issue dim...
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